gazsa401:
Dolph:
gazsa401:
Dolph:
Investment bank looks to downsize by moving posts abroad or cutting jobs, as several banks weigh up potential results of vote on continued EU membership.
The downsizing comes ahead of likely retrenchment in London for Deutsche Bank, which is making a strategy announcement on 29 October.
The cuts comes at a time when big banks are thinking carefully about their presence in London in the run-up to the vote on whether the UK should remain part of the EU. Banks are working on scenarios in which many of their operations are moved away from London in the event of a vote to exit.
theguardian.com/business/201 … 2000-in-uk
Will HSBC move European base to Germany if UK quits EU
Asked during an industry conference whether a ‘Brexit’ might result in HSBC moving its main head office to Hong Kong and its European base to Dusseldorf, Andreas Schmitz, who is also a senior member of the German Bankers’ Association, replied “the latter would more likely be the case”, the Times reports.
theweek.co.uk/hsbc/63926/hsb … oncessions
More unproven scaremongering from the TN resident EU propaganda mouthpiece special agent “Dolph”
How come you hijack topics with your unproven comments
Until 2017 nobody knows
Yeah I made all of the news in the British media to scaremonger you.
Come Dolph give us some of your knowledge and expertise on the benefits of the U.K. staying in the EU
Benefits are there, you simply refuse to accept it and want out, is you choice and right, everyone should have it. You all have to know all the facts to make a knowledgeable decision.
Official UK data from www.parliament.uk:
The EU, taken as a whole, is the UK’s major trading partner, accounting for 45% of
exports and 53% of imports of goods and services in 2014. The share of UK trade
accounted for by the EU 28 is lower than a decade ago. Some argue that the share of UK
trade accounted for by the EU is exaggerated by the “Rotterdam effect” whereby trade
recorded as being with the Netherlands is actually with non-EU countries. While this effect
cannot be quantified, it does not alter the fact that the EU is the UK’s main trading
partner. Even if all trade with the Netherlands were excluded, the EU would still account
for 42.5% of goods exports and 46.7% of goods imports.
Both the Coalition government and the previous Labour government stated that over
three million jobs are linked, directly or indirectly, to exports to the EU. This is not the
number of jobs linked with membership of the EU as some trade with EU countries would
still take place if the UK were to leave the EU.
The EU is a major source of inward investment into the UK. In 2013, EU countries
accounted for £453 billion of the stock of inward Foreign Direct Investment, 46% of the
total. A 2015 survey by EY found that the UK attracted more FDI projects than any other
European country in 2014.
The UK’s net contribution to the EU Budget in 2014 is estimated at £9.8 billion, up from
£3.3 billion in 2008 and £7.4 billion in 2010. It is forecast to fluctuate between £8.0
billion and £9.9 billion a year between 2014/15 and 2019/20.
Various attempts have been made to estimate the cost to the UK
economy of EU regulation. For example, in March 2015, Open Europe
estimated that the cost to the economy of the 100 most burdensome
EU regulations was £33.3 billion a year. Open Europe claimed that the
benefits of these regulations, estimated in Government Impact
Assessments at £58.6 billion a year, have been vastly over-stated.16
In November 2013 the CBI published a report on EU membership. On
the issue of regulation, this said:
Business is clear that any Single Market needs commonly agreed
rules, to allow full access to the market on equal terms. Removing
non-tariff and regulatory barriers between member states is one
of the most important features of the European Single Market,
and the UK’s ability to influence and improve these rules increases
the ability of British firms to compete. Competitive and respected
EU rules can also open up new markets to UK firms without
having to duplicate standards as other regions often design their
own rules around EU benchmarks. Despite frustrations, over half
of CBI member companies (52%) say that they have directly
benefitted from the introduction of common standards, with only
15% suggesting this had had a negative impact.
However, the impact of poorly thought-out and costly EU
legislation is a major issue for businesses: 52% of businesses
believe that, were the UK to leave the EU, the overall burden of
regulation on their business would fall. Areas where UK firms are
frustrated with EU regulation include labour market regulation,
highlighted by nearly half of businesses as having had a negative
impact – with particular frustrations around the Temporary
Agency Workers Directive and Working Time Directive.
The EU needs to make sure that all regulations (new and revised)
will support Europe and the UK’s growth – working in a global
context and for businesses of all sizes – and be adequately
assessed and well evaluated to ensure they deliver against their
objectives.17
In October 2013 the Government’s EU Business Taskforce published a
report which contained 30 recommendations addressing barriers to
overall competitiveness.18 In November 2014, the Department for
Business, Innovation and Skills published an update on progress. This
reported that 10 of the 30 recommendations had been implemented,
“saving UK businesses around £100 million a year, preventing additional
costs of at least £100 million a year and banking one-off savings to
firms of another £40 million.”
google.bg/webhp?sourceid=ch … Parliament
Following the launch of official in and out campaigns, the CBI, which represents 190,000 businesses employing 7 million people, is keen to show that it will play a leading role in promoting the benefits of remaining in a reformed EU.
“The single market has been the solid foundation of our economic success in recent decades, giving us direct access to eight times more consumers than in the UK alone and ensuring we can go toe-to-toe with larger economies on major trade deals, creating jobs and economic growth here in the UK,” said John Cridland, the CBI’s outgoing director general.
The business secretary, Sajid Javid, criticised the CBI earlier this year for weakening the prime minister’s hand as he prepares to negotiate with Brussels, by appearing to offer unconditional support for British membership.
Mindful of that criticism, Cridland said: “We should not be blind to the downsides and recognise the EU, like any big institution, has its faults and needs to do better.”
Throughout the new report, however, CBI member companies and trade bodies large and small laud the EU and its benefits.
theguardian.com/business/201 … ying-in-eu
